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Salud Cormpany reports theollowing information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for the year
Salud Cormpany reports theollowing information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for the year ended December 31, 2016. (Amounts to be deducted should be indicated with a minus sign.) Selected 2016 Incom? Stalernent Data Selected Year-End 2016 Balance Sheel Dala Net income Depreciation expense Gain on sale of machinery S 425,000 Accounts receivable increase 96,000 Prepaid expenses decrease 23,000 Accounts payable increase $ 54,400 15,000 6,400 3,200 Wages payable decrease Cash flows from operating activities Adjustments to reconcile net income to operaling cash flow
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